Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
TIMANI from Sint-Katelijne-Waver, company number BE0439358332, closed financial year 2023 with a result of € -1.6 million after tax. For that financial year TIMANI recorded a gross margin of € 199,736 and equity of € -1.4 million. Compared with financial year 2022, the result moved from € -55,899 to € -1.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2024.
€ -1.4 million
▼ € 1.6 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 2847 % more loss than in 2022
Profit after tax over the fiscal year.
€ 29,519
▼ 94% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2023
8
▼ 0.7 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 445,002
▲ 21% vs 2022
€ 55,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,432
▼ 41% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 27,799
▼ 95% vs 2022
Loans from banks and other lenders, long and short.
€ 1.2 million
▼ 25% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 71,157
▼ 6% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 337,140 | € 397,048 | € 199,736 | ▼ 50% |
| Profit after taxes | € 71,406 | € -55,899 | € -1,647,158 | ▼ € 1.6 million |
| Equity | € 333,712 | € 277,813 | € -1,369,344 | ▼ € 1.6 million |
| Total debts | € 2,664,819 | € 2,392,131 | € 1,649,113 | ▼ 31% |
| Cash | € 377,214 | € 492,994 | € 29,519 | ▼ 94% |
| Retained profit | € 238,604 | € 182,706 | € -1,464,452 | ▼ € 1.6 million |
| Bank debt | € 554,959 | € 557,610 | € 27,799 | ▼ 95% |
| Balance sheet total | € 2,998,531 | € 2,669,945 | € 279,769 | ▼ 90% |
| Employees (FTE) | 8 | 8.7 | 8 | ▼ 0.7 |
Key figures of TIMANI, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to TIMANI?
What happened at TIMANI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TIMANI is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 1.6 million. Source: NBB ↗
- New establishment in Sint-Katelijne-Waver. KBO
- Start of the company according to the CBE. KBO
In short
From € 71,406 profit in 2021 to € 1.6 million loss in 2023.
Paid € 2,675 in corporate taxes since 2021.
Best year ever: 2021, with € 71,406 profit.
On average € 25,000 of value added per employee in 2023.
Management
The stake of YANSY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TIMANIBehind TIMANI are Yansy and Bert Vertommen. The shares are held by YANSY (99.4%).
Establishments
Establishment units
Physical locations of this company
Reinaertstraat 8
2860 Sint-Katelijne-Waver
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.358.332
- VAT number
- BE 0439.358.332
- Registered office
- Reinaertstraat 8, 2860 Sint-Katelijne-Waver
- Names & denominations
- TIMANI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 1 October 1989
- Peppol
- Not registered
- Activities · NACE
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